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Kohl's Corp. (NYSE:KSS) raised its fourth-quarter profit predictions once again on Thursday after January sales escalated faster than expected. In a statement, Kohl's CEO Kevin Mansell said the department store operator is seeing a rise in the number of transactions per store," Suggesting that customers are selecting Kohl's when they choose to shop, even as they remain conservative in their spending.
The company said sales at stores open more than a year were up 6.5 percent for the four weeks ended Jan. 31. That's an important gauge for retailers because it excludes sales growth that comes from newer stores. Kohl's had already raised its projected range from a forecast of $1.14 to $1.24 last month after December sales came in better than expected
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